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. Last Updated: 07/27/2016

New Ladas Gain in Far East

Lada surpassed Toyota as the top-selling brand for new cars in the Far East, according to half-year statistics published by Avtostat, an agency that tracks the Russian auto market.

The AvtoVAZ brand sold 834 cars, down about 54 percent from 1,800 in the same period last year, while Toyota sold 810, down 68 percent from 2,500 cars. The numbers pale in comparison with the used car market, however, as new car sales comprise less than 3 percent of some 103,000 total sales.

Nine out of 10 used cars sold in the Far East are Japanese-made, with Toyota comprising 55 percent of the market, the agency said.

(MT)